According to a new report, published by KBV research, The Global Household Slicer Market size is expected to reach $791.26 Million by 2031, rising at a market growth of 9.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 10,307.93 thousand units, experiencing a growth of 14.1% (2020-2023).
The Manual segment is leading the Global Household Slicer Market by Product in 2023; thereby, achieving a market value of $480.2 million by 2031. They do not require electricity, making them a cost-effective option for those who only need them occasionally or for smaller household tasks. Additionally, manual slicers offer greater control over the slicing process, which is important for users who prefer a hands-on approach to food preparation.
The Online segment is anticipating a CAGR of 11.1% during (2024 - 2031). The online segment is growing steadily as more consumers turn to e-commerce platforms for convenience, competitive pricing, and the ability to shop from home. Online retail offers a wide range of household slicers, often with detailed product descriptions, customer reviews, and the convenience of home delivery. The rise of e-commerce has made it easier for consumers to compare prices and find the exact model they want without the need to visit multiple stores. This growing trend is driven by the increasing use of digital platforms for shopping and the convenience of doorstep delivery.
Full Report: https://www.kbvresearch.com/household-slicer-market/
The Europe region dominated the Global Household Slicer Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $308.3 million by 2031. The North America region is experiencing a CAGR of 9.4% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 10.5% during (2024 - 2031).
By Product (Volume, Thousand Units, USD Million, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Million, 2020-2031)